Jensen Huang does not hide his frustration with U.S. chip policies. On Nvidia’s latest earnings call, the CEO said the $50 billion market for AI chips in China is now “effectively closed to U.S. industry.

NVIDIA Corp (NASDAQ:NVDA) shares are rising Thursday after the company beat expectations for the first quarter, boosted by a continued acceleration of its data center business. Multiple analysts reiterated Buy ratings or lifted price targets following the print.

Following Nvidia's blockbuster Q1 earnings, Wall Street analysts are adjusting their price targets and outlooks for the AI chip giant.